The size of user base has much more to do with the price of steem and the overall psychology of the crypto market than any other fundamentals. As we continue to move in to a crypto bull market I guarantee that we will have a tsunami of new and old users coming in. Plus we have other dapps being built on steem like steem monsters (the biggest blockchain game in the world)
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I would never have thought of it from that angle, thanks.
Steem has been and continues to be in the top 6 most sctive blockchains for years. Theres at least 40-50 coins with bigger market cap that have virtually no activity, theyre garbage compared to steem. Check this out
https://blocktivity.info/
Undervalued?? I think so lol